Claim up to 33% of your research and development costs from the UK government in a single afternoon with our smart, AI-driven R&D tax credit platform.
What are R&D tax credits?
R&D tax credits are a form of financial incentive from the UK government, enabling SMEs to reclaim a significant portion of their research and development (R&D) outgoings in the form of a cash payment. You can use them to get back up to 33% of your product R&D costs over the past two years.
Those costs can include:
- Staffing (including salaries)
- Consumables
- Software
- Subcontractors
- Utilities
HM Treasury gives over £2 billion in corporation tax revenues each year through this scheme. That’s capital that you could be using to grow your business.
Who is eligible for R&D tax credits?
Hundreds of thousands of UK organisations are eligible to apply for SME R&D tax credits. You just have to:
- Be a limited company registered in the UK, with fewer than 500 employees and an annual turnover below £100 million (or a balance sheet below £86 million)
- Be involved in researching or developing new technology for a product or service – that isn’t copying another business, but involves genuine uncertainty of success.
Not sure whether your company is eligible?
Take our short quizIf your company is larger than an SME, you are eligible for R&D expenditure credit (RDEC), if so, please get in contact with us.
Potential problems
You can apply for R&D credits entirely solo – and the good news is that initial success rates tend to be quite high. However, it requires an in-depth knowledge of UK tax law, plus how to cost a project 100% accurately.
Plus, businesses that go it alone and don’t commonly make R&D claims are highly likely to be audited after receiving the cash. If you are audited, you may be asked to repay every penny if your application isn’t 100% perfect: sometimes up to a year after you’ve already spent the funds.
To save themselves time and admin, many SMEs apply via a consultancy or their accountant. But this process can take weeks or months of back and forth, which is highly inefficient. Consultants will often take up to 30% of your claim as commission.
At Grantify, we specialise in taking the guesswork and hassle out of applying for government funding yourself. We’ve used our experience to build a smart platform that enables you to apply for R&D tax credits in a single afternoon, with no expertise needed because every claim is checked by an experienced R&D consultant.
How we can help you get R&D tax credits
Our user-friendly platform makes it easy to get R&D tax credits. It only takes an afternoon to apply, and our commission is just 12.5% on your first £125,000 – then 2.5% on the rest. Plus, we’ll only take payment if your claim is successful.
Once complete, your claim will be checked and submitted by an accountant who is sale-listed by HMRC, so Grantify claims rarely get audited. These accountants have 20 years of experience in tax credits so you know that the money you receive is maximised and yours to keep.
You’ll need a completed tax return to apply for R&D credits. If you don’t have one, then we’ll complete one for you for free if you’re claiming more than £10,000.
How are we able to offer such competitive rates?
Traditional accountants will take between 20-30% of your total claim, whilst our commission is just 12.5% on your first £125,000 – then 2.5% on the rest.
So if your claim is for £300,000, with a traditional accountant:
- You keep 70-80% of your claim
- You spend weeks or even months of your time going back and forth
- You spend time and expenses on a tax return
With Grantify:
- You keep 93.4% of your claim
- You only spend an afternoon of your time
Why are we taking so little in commission? Our platform is so robust that when our accountants review your application, all the balances and checks are in place already. We’ve improved the efficiency of the process so much, there’s no need for all this extra time and billing. This means it’s less of your time and ours, so we’re passing the savings on to you.
We like to think of it like going on holiday: 20 years ago you had to go to a travel agency, they would take a commission from you for selling you a holiday and you would have to spend time going down there. These days, you log in to your favourite travel website, pick your holiday and they do all the complicated organisation in the background. That’s what we’re doing for you now.
How it works
With Grantify, you get access to an online platform that takes you through your application step by step:
- First of all, it completes a thorough check to ensure that you’re eligible for R&D cash rebate
- Then it asks you some straightforward questions about your business and R&D work. You’ll only have to write a few hundred words, and we’ll provide model answers – plus precisely what to include to maximise your success
- Finally, it’ll give you a costing worksheet that does all the tax calculations on your behalf, avoiding any costly errors. All you have to do is enter your expenses.
Once your application is complete, our team of expert accountants will thoroughly review it. Then, we’ll submit the claim on your behalf – so you don’t have to waste time dealing with HMRC.
Find out if you qualifyGrantify R&D Success Stories
We’ve helped our clients claim back £3.2m in 2022 alone.
'What I wanted was a service that would save us time. What I got was far more than that'
“We have received our tax credits into the company bank account over the weekend. I would like to thank the team at Grantify for the superb work that you undertook on our behalf. It’s not every day that a company lives up to every word it says, but on this occasion, you certainly have done just that. I would not hesitate to recommend Grantify to others.” – XPERMIT
“We used Grantify for our R&D tax credits application. All I can say is I wish I had found out about them earlier! Mat and his team were helpful and knowledgeable and made the process very quick and easy. The chances are, like us, you could be leaving thousands of pounds on the table which could be used to help develop your business in these challenging times. We will be using Grantify in the future and look forward to watching their business grow.” – Secret Sessions
Get in touch with us to learn how we can help you realise your business goals with government funding.
Do you know a business that needs help in claiming R&D tax relief?
Refer them to us and you’ll get £150 upfront on sign up!